Titelaufnahme

Titel
The aggregate effects of the decline of disruptive innovation / Richard Bräuer ; editor: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association
VerfasserBräuer, Richard
KörperschaftLeibniz-Institut für Wirtschaftsforschung Halle
ErschienenHalle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, December 2023
Umfang1 Online-Ressource (III, 40 Seiten, 1,09 MB) : Diagramme
Anmerkung
Literaturverzeichnis: Seite 37-40
SpracheEnglisch
SerieIWH-Diskussionspapiere ; 2023, no. 22 (December 2023)
URNurn:nbn:de:gbv:3:2-1029642 
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The aggregate effects of the decline of disruptive innovation [1.09 mb]
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This paper proposes a model that explains both recently documented facts about the decline of disruptive innovation and the decline in productivity growth as the result of large firms trying to monopolize technologies by poaching inventors from disruptive activities. To come to this conclusion the paper builds an endogenous growth model with inventor labor markets on which firms can interact strategically. To inform this model I perform an event study of the effect of disruptive inventions on their technology fields using PATSTAT (1980-2010). I document that technology classes without disruption slowly trend towards incrementalism and that after a disruption more patents get registered and research becomes less incremental.